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Home/Markets & Investing/CATHIE WOOD

Manna drone delivery profits on every flight as competitors burn $60 per order

BF

Blake Fitzgerald

Cathie Wood · Apr 9, 2026

Manna drone delivery profits on every flight as competitors burn $60 per order

Source: DojiDoji Data Terminal

Manna is the only company in its drone delivery cohort currently turning a profit on every flight. Road-based delivery in the U.S. costs merchants around $10 per order in driver costs alone, while Manna's drones operate for cents in electricity.

Related Brief15h ago
portfolio rotation

ARK Invest Rotates Capital From Medical Hardware Into Genomic Data and Cloud Infrastructure

ARK Invest's portfolio risk exposure is now more sensitive to cloud buildouts, power availability, and the economics of scaling data centers. This shift follows a rotation toward data center capacity, precision medicine, and next-generation energy. On April 9, Cathie Wood sold 57,700 shares of Strata Critical Medical and 3,478 shares of BWX Technologies. The divestment from Strata Critical Medical follows a pattern of selling medical device companies that lack software and algorithm functionality. ARK Invest also reduced holdings in select semiconductor and internet names to fund purchases of 32,800 shares of GeneDx Holdings, a company that stores genomic data of rare diseases and pediatric illnesses, and 3,447 shares of Arcturus Therapeutics. The firm also bought $11 million of a megacap tech stock as part of a repositioning around compute, networking, and cloud capacity.

The Irish startup closed a $50 million Series B funding round backed by ARK Invest, the Ireland Strategic Investment Fund, and others. The capital will be used to expand operations in the U.S. and Europe, including 40 to 50 new U.S. locations in the next 12 months starting in Texas and Oklahoma.

Related Brief2d ago
exchange traded funds

ARK Invest leverages Tesla's 24% year-to-date decline to bet on software margins

Tesla now comprises 8.49% of the devenue ARK Innovation ETF (ARKK), following a purchase of approximately $27.8 million in Tesla shares between April 6 and April 8. ARK acquired nearly 81,000 shares during a period where Tesla stock declined 13.9% this month and between 21.6% and 24% year-to-date. On Wednesday, the fund purchased $11.4 million in shares at a closing price of $343.25, including roughly 33,200 shares through its autonomous technology exchange-traded fund. The buying streak is based on the expectation that Tesla will evolve into a software and autonomous ride service platform, which would shift the business toward profit margins typical of technology firms. Tesla is expanding chip production through the Terafab manufacturing facility in Texas, with Intel as a participant.

Efficiency is the driver of the margin. Manna drones fly 50 to 60 mph in a straight line, delivering in under three minutes and turning around in under 60 seconds. This allows for eight deliveries per aircraft per hour, compared to the industry average of 1.2.

Related Brief2d ago
ai infrastructure

Meta's $21 Billion CoreWeave Deal Validates a Pre-Existing Price Rally

CoreWeave stock has surged over 30% from recent lows, reclaiming key levels and pushing higher. The rally began before the announcement of a $21 billion agreement from Meta for AI cloud capacity through 2032. Meta's total spending with the company now exceeds $35 billion. ARK Invest bought $2.0 million of CRWV on March 31 and $1.2 million on April 1, prior to the latest surge. ARK Invest's stake of approximately 41,000 shares is now worth roughly $3.7 million. Cathie Wood's ARK Invest recorded a $500,000 gain in days.

While Manna maintains profitability per flight, competitor Zipline burns more than $60 per order according to a confidential Q4 2025 memo.

Related Brief2d ago
etf trades

ARK Investment Management sells BWX Technologies and Strata Critical Medical to fund GeneDx and Arcturus Therapeutics purchases

ARK Investment Management adjusted its portfolio holdings across the ARKK, ARKG, and ARKQ ETFs on Thursday, April 9, 2026. The largest transaction of the day was the purchase of 32,767 shares of GeneDx Holdings Corp across the ARKK and ARKG ETFs, totaling approximately $2,149,187. ARK also acquired 3,447 shares of Arcturus Therapeutics Holdings Inc through its ARKG ETF for $29,299. These acquisitions were funded by the selling of 3,478 shares of BWX Technologies Inc through the ARKK and ARKQ ETFs for $806,130 and the sale of 57,744 shares of Stratat Critical Medical Inc through the ARKQ ETF for $238,482.

Cathie Wood

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